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Delivery Hero: continues strong performance in Q3-2018

Berlin / DE. (dhag) Delivery Hero AG (in Germany «Lieferheld»), one of the leading global online food ordering and delivery marketplaces, continues its growth path with 62 percent year on year revenue growth in the third quarter on a constant currency basis. CEO Niklas Östberg said: «We had an excellent third quarter with our business continuing to perform extremely well globally. We are also very happy with the initial results of our additional investments. We are taking advantage of many opportunities to scale our early stage markets and to further increase our leadership positions. We feel we are in a great position going into the fourth quarter and into next year.»

Group Financial Performance Q3/2018

  • Orders grew by 45 percent to 102 million
  • Gross Merchandise Value (GMV) grew by 48 percent on constant currency and by 39 percent as reported to EUR 1,308 million
  • Revenues grew by 62 percent on constant currency and by 56 percent as reported to EUR 202 million
  • Group take-rate improved to 15.4 percent and group take-rate excluding own delivery orders to 11.3 percent

Key Operational Highlights

  • Built clear leadership in own delivery with over 16 million orders in the third quarter, available in over 200 cities and representing 15.9 percent of group orders
  • Improved our operational efficiency with several operations migrated onto our global platforms and deployment of our personalized recommendation service in 18 countries
  • Continued business performance of our minority holdings with a last portfolio value for all our minority interests of EUR 284 million

Outlook

Delivery Hero raises its revenue guidance to between EUR 780 million and EUR 785 million based on the positive business performance and the successful increase of investments across the group. Adjusted Ebitda is expected to be in-line with previous guidance and Delivery Hero expects to invest the full EUR 80 million of additional investments in the second half of 2018.